caltrans2002 asked:


I going through a rough time financially, can I request the bank to lower my interest rate - to reduce my payment - to avoid foreclosure? What other options can the bank offer to avoid foreclosure? I can’t/don’t want to refinance since I do not have the money and don’t want to get into further debt?

Adaline

Country asked:


I know i am naive and not a financial whiz, but if we are going to be buying subprime mortgages at lets say 50 cents on the dollar, couldnt we refinance peoples houses at lets say 60 cents on the dollar. They get to keep their homes, the foreclosure rate does not go up, home values do not go down and the government gets to make a 20 percent profit. What all am i missing?

Simon

Rosie asked:


My home was going to be in foreclosure, I called this place that said they could help anyone, they were with the BBB so I trusted that….The guy took my money and that was the last I heard from him or the company he works for…tried calling many times and no answer..Can anyone give me any advice on what to do….I’m lost

Evette

Meesteek asked:


My clients property in foreclosure was just auctioned yesterday. A buyer already had comitment and was supposed to close witin the next 7 days. Re-instatement cheque was not accepted cos it was said to be too late.
Is there any other option left for the homeowner? He has about $65,000 equity in this deal and all the familys life savings will be gone!
Also, what happens when a property is sold at a foreclosure auction for more than the amount owed? Does the homeowner gt back the excess funds?
Thanks.

Joy

Jinx U asked:


I’d like to buy a home, and am trying to find out details on buying foreclosures. How do I go about finding and inspecting homes going to auction? What do I need to do to prepare? Have any real people (ie, you or someone you actually know) had any good/bad experiences buying foreclosures you can share?

Evita

WAKE UP asked:


Will or can banks garnish your paychecks after foreclosure?

Billye

i_love_adamo asked:


I am new to the whole foreclosure thing, and am wondering how the process works? Is the house payment going to be monthly like when purchasing a regular home? Any tips and insights will help! Thanks

Aleen

married2nalien asked:


I see all these ‘foreclosure’ websites (realtyTrax, foreclosures, etc) that list a ton of houses that are in pre-foreclosure, auction and REO but then don’t really do a good job of explaining what these different stages are, what happens in each one and which stage is best to try and purchase a property.

One thing-I don’t want to ‘cold call’ people who are in danger of foreclosure to try to convince them to sell me their house at a cut rate price.

Thanks for your help!

Hayley

jay s asked:


As I am a first time home buyer , I don’t have too much of capital to invest,as you may have guessed it. However, I am considering various options that I can avail as a first time buyer therefore foreclosure was one of the options to consider. I am currently looking in Santa Clara County in Bay Area, California
Thanks

Randall

Just that Girl asked:


In California.
I don’t want my time wasted here, so please only serious answers.

How do i get a FREE list of foreclosure properties?

?CJ

Dulcie